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13 Aug 2012

Government Sets up Investment Tracking System

Government has set up an Investment Tracking System Projects with an investment of Rs. 1000 crore and above. The purpose of this mechanism is to periodically monitor implementation of projects and identify systemic issues and attempt to have been resolved.Under Investment Tracking System, National Manufacturing Competitiveness Council (NMCC) is mandated to track all Public Sector Undertaking Projects with an investment of Rs. 1000 crore and above and the Department of Financial Services, Ministry of Finance, is mandated to monitor projects with an investment of Rs. 1000 crore and above in the private sector. This information was given by the Minister of State for Finance, Shri Namo Narain Meena, in written reply to a question in Lok Sabha today.